South & Central Asia
Paris MoU Sees Less Bans in 2015
Paris MoU saw a large decrease in the refusal of access or bans in 2015 – 11 bans compared to 20 in the previous year, according to 2015 Annual Report on Port State Control. The data shows that the detention percentage has remained stable at 3.33 percent. The number of deficiencies has decreased ten
BIMCO: Demolition of Panamax Containerships Spikes
Demolition of containerships almost tripled in the first five months of 2016 in comparison to the same period of 2015 as the shipowners attempt to counter the fundamental imbalance between supply and demand under poor container shipping market conditions, according to BIMCO. A total of 150,863 TEUs
MacArtney Expands Global Footprint with New Partnerships
MacArtney said it has signed representative agreements with underwater-technology-focused companies in various parts of the world to function as official representatives of its underwater technology products. Business partnerships have been entered into with the following South American companies: C
KrisEnergy names new interim boss after CEO retires
Chief Executive Officer of KrisEnergy, Keith Cameron, has decided to retire and KrisEnergy has named Jeffery S. Macdonald as Interim Chief Executive Officer until a successor has been appointed. Macdonald, a Non-Executive Independent Director of the company since 2009, will take over effective July
Singapore slices port dues for LNG-powered ships
The Maritime Port Authority of Singapore has added incentives for vessels powered by liquefied natural gas to its Maritime Green Initiatives launched in 2011.
Oil falls below $50 on higher supply outlook, economic worries
By Alex Lawler and Dmitry Zhdannikov LONDON (Reuters) – Oil fell below $50 a barrel on Thursday, pressured by higher Nigerian output and concern about the economic outlook following Britain’s vote to leave the European Union last week. Returning Nigerian supply will put pressure on prices, Goldman S
Cosco Opens Central America and Panama Business Lines
Cosco China Shipping Group has launched two new lines of business, namely, COSCO Shipping Lines (Central America) and COSCO Shipping Lines (Panama), following the opening of the Expanded Panama Canal. The new business segments were launched on July 27, one day after the official opening of the new U
Qatargas pens new deal to supply LNG to Pakistan
Qatargas, the world’s largest LNG producer, has signed a 20-year contract with Global Energy Infrastructure (GEIL) of Pakistan for the supply of liquefied natural gas.
Samsung Heavy begins construction of Johan Sverdrup riser platform
Norwegian oil company Statoil on Thursday marked the start of construction of the Johan Sverdrup riser platform at the Samsung Heavy Industries yard in South Korea. Johan Sverdrup is an oil field located in the North Sea, offshore Norway. The riser platform is the largest of the four platforms const
PHOTO: HAM 318 Reclaiming the Male’ Industrial Village
Following the completion of the Thinadhoo and Feydhoo schemes, Van Oord’s trailing suction hopper dredger (TSHD) HAM 318 has moved to another location and is now busy with the dredging and reclamation of Male’ Industrial Village. The Ministry of Housing and Infrastructure, Maldives, has just release
LPG Carrier Explodes in Gulf of Thailand, Four Injured
Four people out of a crew of ten were hospitalized after the LPG carrier Pattarawadee 12 exploded in the Gulf of Thailand on Wednesday, local media reported. The 1,000 dwt vessel was underway after it discharged its cargo at Bangpakong, central Thailand. One of the four crewmembers was in critical c
Armed Pirates Board Tanker in Indonesian Waters
Ten armed pirates boarded a tanker while it was underway some 26 nautical miles off the Indonesian Mangkai Island on June 28, according to data released by International Maritime Bureau’s Piracy Reporting Centre (IMB PRC). The pirates entered the bridge as the second officer was altering course and